So speaks The Wall Street Journal this morning, encapsulating in one short sentence the approaching doom of Trump's great experiment.
“Mr. Trump thinks he can bully everyone into submission, but he can’t bully Adam Smith, who deals in reality. Markets know tariffs are taxes, and taxes are anti-growth. The Trump tariffs are the biggest economic policy mistake in decades, and extending the 2017 tax reform and deregulation may not compensate for all the damage.”
www.huffpost.com
“Mr. Trump thinks he can bully everyone into submission, but he can’t bully Adam Smith, who deals in reality. Markets know tariffs are taxes, and taxes are anti-growth. The Trump tariffs are the biggest economic policy mistake in decades, and extending the 2017 tax reform and deregulation may not compensate for all the damage.”
'Cue The Meltdown': Wall Street Journal Exposes Trump's 'Biggest' Mistake In Decades
The newspaper said this move by the president is causing the markets to sink and confidence to plunge.